Tanksen on Nostr: GM 💜 On October 27, 1997, global financial markets experienced a sharp downturn in ...
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On October 27, 1997, global financial markets experienced a sharp downturn in what was called the "Mini-Crash of 1997." This crash, caused in part by concerns over a slowing Asian economy, saw the Dow Jones Industrial Average fall 554 points in a single day. Though the market recovered relatively quickly, the crash highlighted the interconnectedness of global markets and set off discussions about ways to stabilize financial systems worldwide.
On October 27, 1997, global financial markets experienced a sharp downturn in what was called the "Mini-Crash of 1997." This crash, caused in part by concerns over a slowing Asian economy, saw the Dow Jones Industrial Average fall 554 points in a single day. Though the market recovered relatively quickly, the crash highlighted the interconnectedness of global markets and set off discussions about ways to stabilize financial systems worldwide.